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Macroeconomic Principles 7,5 Credits

In the Macroeconomic Principles course, the aggregate economy and its development are studied. The analysis of the interaction between macroeconomic variables such as growth, inflation, and unemployment are integral elements. Possibilities and difficulties to manage the economy with the aid of economic policy as well as how the open economy is affected by international developments are also central to this part of the course.

Course Contents

The course introduces macroeconomic indicators, models, and theories that are useful for studying the mechanisms of an aggregate economy, in the short-, medium-, and long-term.

Important elements of the course are:
• Macroeconomic indicators such as gross domestic product, CPI, inflation, and unemployment rate measures.
• Real wage formation and unemployment in the labor market.
• The Solow model and determinants of long-run economic growth.
• The financial system and the allocation of saving.
• Components of aggregate spending; consumption, investments, government expenditure and net exports.
• The effect of a change in aggregate spending on the equilibrium output.
• The market for money and the market for goods and services.
• The IS-LM-BP model for closed and open economies.
• The AD-AS model and Phillips curves.
• Decisions about government spending, discretionary fiscal policy, and automatic stabilizers.
• The role of the central bank and the effectiveness of monetary policy.
• Effects of macroeconomic policies on inflation.
• The role of the exchange rate in trade and its implication on macroeconomic policies.

Connection to Research and Practice
The macroeconomic models introduced in the course are based on research. The theories on economic growth broadly connect to JIBS research area renewal. Macroeconomic indicators, theories, and models are put into practice through the exercises and the assignment, which involve real-world issues.

Prerequisites

General entry requirements and English B, Mathematics C and Civics A (Field-specific entry requirements 4)and required grade Passed.
Exemption from the requirement of having Swedish course B is given.

Level of Education: Undergraduate
Course code/Ladok code: JMPG14
The course is conducted at: Jönköping International Business School

Upcoming course occasions

Type of course
Program
Study type
Campus
Semester
Spring 2021: Jan 18 - Mar 28
Rate of Study
50%
Language
English
Location
Jönköping
Time
Day
Examiner
Emma Lappi
Examiner
Sofia Wixe
Tuition fees do NOT apply for EU/EEA citizens or exchange students
12500kr
Syllabus
HTML  PDF
Application code
HJ-J1029
Type of course
Single subject
Study type
Campus
Semester
Spring 2021: Jan 18 - Mar 28
Rate of Study
50%
Language
English
Location
Jönköping
Time
Day
Number of places
6
Course coordinator
Emma Lappi
Examiner
Sofia Wixe
Tuition fees do NOT apply for EU/EEA citizens or exchange students
12500kr
Syllabus
HTML  PDF
Application code
HJ-24102
Last modified 2020-11-26 08:12:53

Content updated 2020-08-25